Difference between 'Assets' and 'Equity'

Just started working with your programme and I do not fully understand the difference between 'Assets' and 'Equity'. Could you please explain this to me?

Kind Regards,

Quintijn

Posted by Q.Vermeulen on Jul 10, 2008 5:47 PM BST

Hi Quintijn,

Thanks for your inquiry. Assets represents things the company 'owns' like a motor vehicle, cash or bank account. Equity represents the money that is owed by the business to its owners. For example, if you start a business with

Posted by Mark McLaren (Solar Accounts) on Jul 10, 2008 7:49 PM BST